AFMC - Chart Of The Moment: Not All Jobs Are Equal

2024-05-17 00:00:00 ET

Summary

• The U.S. Bureau of Labor Statistics (BLS) nonfarm payrolls has averaged monthly gains of over 233k over the past year.
• By all standards, that is a healthy number, especially considering the federal funds rate has been above 5% over that same time period.
• However, a deeper look into the numbers may reveal the impact of higher rates.

The U.S. Bureau of Labor Statistics (BLS) nonfarm payrolls has averaged monthly gains of over 233k over the past year. By all standards, that is a healthy number, especially considering the federal funds rate has been above 5% over that same time period....

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